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What Is Sallie Mae?

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Sallie Mae is one of the nation’s largest providers of student loans. The government founded Sallie Mae in 1972 to help students pay for college It began to move to a private organization in 1997 and has continued to operate in that capacity ever since. Currently if you go to the Sallie Mae website you will find loan options that you can apply for.

Because the government originally ran the agency, many people refer to Sallie Mae in general when speaking about student loans. You may also have people refer to paying off Sallie Mae, and they mean paying off their student loans. You can get student loans through a variety of lenders, but you should apply for Stafford student loans (government guaranteed loans) first. The interest rate is much lower and the terms and conditions of the loans are easier to meet.

 

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